Impact/Purpose:

Develop a decision analysis model for policy makers, which illustrates the economic and forest carbon sequestration effects of different forest management practices for the Southern United States.

Description:

The expected result of this project is a methodology to increase carbon sequestration through forest management and policy analysis. The decision analysis model will demonstrate tradeoffs between carbon storage and net present value through a joint productions possibilities curve and will aid in future policy comparison and development. If policy analysis such as the proposed were employed for international decision making, forest owners worldwide would experience economic gains while providing a social good: clean air.

Record Details:

Record Type:PROJECT( ABSTRACT )

Start Date:08/15/2010

Completion Date:08/14/2011

Record ID: 249164

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Related Organizations:

Role :OWNER

Organization Name :NORTH CAROLINA STATE UNIVERSITY

Mailing Address :P.O. Box 7001

Citation :Raleigh

State :NC

Zip Code :27695

Project Information:

Approach :

Environmental policy makers must have research based decision analysis models available that include carbon sequestration and forest products in order to make economically viable policies for foresters and effective carbon sequestration policies for the environment. Forests have been identified as an important mechanism for removal carbon dioxide and storage of carbon. Forest products have also been recognized as a source of carbon storage. This project will employ a management science approach to integrate forest growth and yield models, carbon sequestration models, and economic models to develop a relationship between carbon sequestration and wood products. This relationship will be displayed in a production possibilities curve, which will be utilized to develop a decision analysis model for policy makers. The decision analysis model will define the economic value and carbon tradeoff for different management practices and can be utilized to compare environmental policies and to create a construct for additional forest carbon, which could aid in the development of a market structure for carbon.

Cost :$9,983.00

Research Component :Pollution Prevention/Sustainable Development

Approach :

Environmental policy makers must have research based decision analysis models available that include carbon sequestration and forest products in order to make economically viable policies for foresters and effective carbon sequestration policies for the environment. Forests have been identified as an important mechanism for removal carbon dioxide and storage of carbon. Forest products have also been recognized as a source of carbon storage. This project will employ a management science approach to integrate forest growth and yield models, carbon sequestration models, and economic models to develop a relationship between carbon sequestration and wood products. This relationship will be displayed in a production possibilities curve, which will be utilized to develop a decision analysis model for policy makers. The decision analysis model will define the economic value and carbon tradeoff for different management practices and can be utilized to compare environmental policies and to create a construct for additional forest carbon, which could aid in the development of a market structure for carbon.

Cost :$9,983.00

Research Component :P3 Challenge Area - Agriculture

Approach :

Environmental policy makers must have research based decision analysis models available that include carbon sequestration and forest products in order to make economically viable policies for foresters and effective carbon sequestration policies for the environment. Forests have been identified as an important mechanism for removal carbon dioxide and storage of carbon. Forest products have also been recognized as a source of carbon storage. This project will employ a management science approach to integrate forest growth and yield models, carbon sequestration models, and economic models to develop a relationship between carbon sequestration and wood products. This relationship will be displayed in a production possibilities curve, which will be utilized to develop a decision analysis model for policy makers. The decision analysis model will define the economic value and carbon tradeoff for different management practices and can be utilized to compare environmental policies and to create a construct for additional forest carbon, which could aid in the development of a market structure for carbon.

Cost :$9,983.00

Research Component :P3 Challenge Area - Materials & Chemistry

Project IDs:

ID Code :SU834735

Project type :EPA Grant